The main market players are concentrating on inorganic methods like partnerships, which are anticipated to fuel the growth of the global spectrometry market throughout the forecast period. For example, in October 2020, Thermo Fisher Scientific, a producer and supplier of reagents and consumables, scientific instrumentation, and software services, Symphogen, a biotechnology firm that creates protein drugs based on recombinant monoclonal antibodies, and Servier, a producer and marketer of morally sound pharmaceutical products, announced the extension of a strategic collaboration to provide novel specifications and quality control methods. The launch of technologically cutting-edge spectrometry equipment by major industry players is projected to drive the market's growth.
The global Spectrometry Market is estimated to be valued at US$ 20,172.1 million in 2021 and is expected to exhibit a CAGR of 7.4% during the forecast period (2021-2028).
Leading Companies in the Spectrometry Industry:
1. Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc. since 1956 offers life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and service worldwide. It has headquarters based in Waltham, Massachusetts. Thermo Fisher Scientific, the world leader in serving science, in the month of December. 2022 announced the U.S. Food and Drug Administration (FDA) has granted Emergency Use Authorization (EUA) for its Applied Biosystems TaqPath Monkeypox/Orthopox Virus DNA Kit.
2. Bio-Rad Laboratories, Inc.
Bio-Rad Laboratories, Inc. manufactures, and distributes life science research and clinical diagnostic products. Bio-Rad Laboratories, Inc. was founded in 1952 and is headquartered in Hercules, California. In September, 2019 Bio-Rad Laboratories, Inc. announced the launch of the Science of Opioid Dependence Kit, offering high school and undergraduate educators a simple hands-on DNA electrophoresis activity to teach complex genetics in the context of the opioid crisis.
3. Danaher Corporation
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Danaher Corporation was founded in 1969 and is headquartered in Washington, the District of Columbia.
4. PerkinElmer, Inc.
PerkinElmer, Inc. provides products, services, and solutions to the diagnostics, life sciences, and applied services markets worldwide. PerkinElmer, Inc. was founded in 1937 and is headquartered in Waltham, Massachusetts.
5. Siemens Healthineers
Siemens Healthineers AG, through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide. The company is headquartered in Erlangen, Germany. In February, 2023 Siemens Healthineers, a leading medical technology company, and Unilabs, a leading diagnostic services provider, announced today a multi-year agreement valued at over €200 million. Unilabs has invested in Siemens Healthineers top-notch technology and will acquire more than 400 laboratory analyzers to further improve its laboratory infrastructure to offer an unparalleled service to its customers.
6. Agilent Technologies, Inc.
Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. Agilent Technologies, Inc. was incorporated in 1999 and is headquartered in Santa Clara, California.
7. Analytik Jena AG
Founded in 1990, Analytik Jena is a provider of high-end analytical measuring technology, of instruments and products in the fields of biotechnology and molecular diagnostics, as well as liquid handling and automation technologies. Headquarters in Jena, Germany. In February, 2023 Analytik Jena and Biosero have just announced a co-marketing agreement that will allow both companies to promote applications of their combined laboratory automation technologies.
8. Waters Corporation
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts. In February, 2023 Waters Corporation announced it has entered into an agreement to acquire Wyatt Technology, a pioneer in innovative light scattering and field-flow fractionation instruments, software, accessories, and services, for $1.36 billion in cash, subject to certain adjustments.
9. Shimadzu Corporation
Shimadzu Corporation manufactures and sells analytical and measuring instruments, medical systems, industrial machinery, and aircraft equipment worldwide. Shimadzu Corporation was founded in 1875 and is headquartered in Kyoto, Japan.
10. Bruker Corporation
Bruker Corporation, together with its subsidiaries, develops, manufactures, and distributes scientific instruments, and analytical and diagnostic solutions in the United States and internationally. The company was incorporated in 1991 and is headquartered in Billerica, Massachusetts.
*Definition- In order to examine and measure a given spectrum, spectrometry is a method that is frequently used in spectroscopic analysis of sample materials.
